Sofia Richie has a net worth estimated at $8 million. The 25-year-old made her wealth from her modeling and social media career.
Sofia is famous as the daughter of American singer Lionel Richie, one of the best-selling music artists of all time. Despite that, she has gone ahead to build a formidable career for herself. Today, Sofia Richie has become a successful model, appearing in several campaigns for brands like Adidas, Michael Kors, and Tommy Hilfiger.
How Sofia Richie Amassed Such a Huge Net Worth
As mentioned earlier, Sofia Richie has an accumulated net worth of $8 million. She made her wealth through various means, including her modeling career, social media career, and fashion design career. Let’s take an in-depth look at how she grew her wealth over the years below.
She Started Her Modeling Career at the Age of 14
Growing up, Sofia had an incredible passion for music, like her father, such that she started singing at five and playing the piano at seven. She spent her early years alongside her siblings Nicole and Miles in Los Angeles, California, where she was born on August 24, 1998. The 25-year-old started her modeling career when she was 14, with her debut in Teen Vogue.
Before then, she attended Oaks Christian School but later resorted to homeschooling following her father’s busy schedule and always on tour. She made occasional appearances in her father’s shows and her sister Nicole’s TV show, Candidly Nicole, in 2014. At age 15, Sophia signed her first modeling contract with the UK-based agency – Select Model Management.
She was featured in the Nationalist Magazine, and Who What Wear in 2014. Later in the same year, Sophia featured in an online advert tagged Fresh to School for Teen Vogue and Olay, after which she started getting much attention from different brands. The following year, she was seen on the cover of magazines such as Unleash’d, Dazed, Love Culture, Elle Girl, and Fault.
Sofia Richie debuted on the runway in February 2016 at the New York Fashion Week. Subsequently, she has graced the runway for top designers such as Dolce & Gabbana, Jeremy Scott, Samantha Thavasa, Kanye West’s Yeezy line, and Chanel. She has also appeared in ad campaigns for notable brands like Michael Kors, Tommy Hilfiger, Adidas, etc. More so, she has appeared on the cover of L’Officiel, Asos Magazines, Es Magazine, Galore, Vogue, InStyle, etc.
Sofia Partnered with Frankie’s Bikinis to Launch Her Swimsuit Collection in 2019
Sofia Richie launched a swimwear collection alongside Frankie’s Bikinis in 2019. This marked the beginning of her career as a fashion designer. Her swimsuit line includes tie-dye bathing suits, bright florals, and neon suits. She also has a clothing design collection known as Sofia Richie x Missguided, which she does for the UK clothing brand, Missguided.
Her Missguided designs include tailored pieces, classic coordinating sets, and mini dresses. Other fashion brands she has collaborated with include the Rolla Jeans, through which she created the Rolla x Sofia Richie. In 2021, she joined hands with her sister, Nicole Richie, to launch House of Harlow 1960, a lifestyle brand. After that, Sofia also started a clothing collection called Sofia Richie x House of Harlow in 1960.
Also, in July 2021, Sofia launched a capsule collection with the American jewelry line 8 Other Reasons. The collection includes a 61-pieces collection of rings, metal bags, anklets, jewelry, eyewear, hats, anklets, scarves, and tops. Although how much she makes from her fashion line hasn’t been disclosed, it has undoubtedly contributed to Sophia Richie’s net worth.
Sofia Richie Also Makes Money Through Her Social Media Career
Besides her modeling and fashion design career, Sofia Richie is also a social media influencer. Following her rise to fame, Lionel Richie’s daughter has made bank through several brand endorsements. She endorses several products, from beauty to wellness products, on her Instagram handle.
Sofia has partnered with several brands, including Cheetos, Darya Hope, Coca-Cola Zero Sugar, Lulus, Cotton On, and Suspicious Antwerp, among others. She has amassed so many followers on different social media platforms, including Instagram, where she has over 7.1 million followers, and Twitter, with more than 38,000 followers.
Summary of Sofia Richie’s Income Sources
- Modeling Career
- Fashion Design Career
- Social Media Career
- Brand Endorsements
Is Sofia Richie The Richest in Her Family?
Sofia Richie has garnered a huge net worth estimated at $8 million through her various stints in the entertainment industry. However, she’s not the richest in their family, and she also doesn’t have the least net worth. She was aced by her older sister Nicole Richie, who has amassed a net worth of $40 million. Nicole is a reality TV star, model, and actress famously known for her reality TV show, Candidly Nicole, which airs on the VH1 network.
Nicole made her wealth through her various stints in fashion designing, reality TV, modeling, and acting careers. Similarly, Sofia Richie’s net worth of $8 million surpassed that of her brother Miles Brokman Richie, whose net worth is estimated between $1 million – $1.5 million. That said, Sofia’s father, Lionel Richie, is the richest in the family.
The successful American singer has a staggering net worth of $200 million. He made his wealth through several endeavors, including his music career, album sales, endorsements, record production, and much more. Lionel Richie has released over ten studio albums and has won many awards, including four Grammy Awards and several other nominations.
Sofia Currently Lives in a Mansion in Beverly Hills
Sofia Richie’s net worth affords the young and successful model the luxury life she currently enjoys. Although she was born into a wealthy family, she has also carved a niche through her successful modeling career and other businesses. She now lives in a modern mansion in Hollywood Hills, California. According to reports, the stunning model acquired the mansion alongside her fiance, Elliot Grainge, in April 2021.
The 8,000-square-foot mansion was bought for $17 million, and it has a beautiful architectural design inspired by Richard Neutra and Frank Lloyd Wright. Originally built in 1962, the mansion has seven and a half bathrooms and six bedrooms. On the outside, it has a pool, cabana with a wet bar, lounging area, fireplace, dining space, and daybeds, which are guaranteed to make it a fun place.
Other celebrities, including Rihanna and Paul McCarthy, also live in the same neighborhood. Aside from the luxury mansion, Sofia also drives posh cars. She was gifted an Aston Mattin DB 11, which costs at least $200,000, by her former boyfriend, Scott Disick, on her 21st birthday in 2019. Lionel Richie’s daughter also drives a Range Rover.
